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Bus card UTL

Valued Contributor

Bus card UTL

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


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7 REPLIES
Super Contributor

Re: Bus card UTL


Stonemanmv wrote:

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


Business UTL has no effect on personal scores or business scoring as long as it's not a CAP1 card they report to personal CR's and thus can effect UTL and scores 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Valued Contributor

Re: Bus card UTL

Being a revolving card I don't think Amex will mind it being paid over 3 months

Starting a whole new chapter
Valued Contributor

Re: Bus card UTL

Thanks MJ its a amex simply cash and I didn't want to jump the fence til april. 


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Valued Contributor

Re: Bus card UTL

thanks sccredit . Appreciate the info


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Super Contributor

Re: Bus card UTL


Stonemanmv wrote:

Thanks MJ its a amex simply cash and I didn't want to jump the fence til april. 


Good to go 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Super Contributor

Re: Bus card UTL


myjourney wrote:

Stonemanmv wrote:

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


Business UTL has no effect on personal scores or business scoring as long as it's not a CAP1 card they report to personal CR's and thus can effect UTL and scores 


+1

 

Bus Utility has no bearing on your personal credit score.  And, regarding Amex, I've found they couldn't care less about business utility.  This year, I've routinely been at 200% of CL on some of our business cards.  Of course, you'd have to treat whatever exceeds the limit as a charge card balance, but otherwise no AA, charge declines, or over the limit fees.

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Valued Contributor

Re: Bus card UTL

Open- wow I guess I'm being a little crazy for nothing thanks for the info. 


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